Wednesday, May 18, 2022

ATTN Acquired By Candle Media For $100M

Los Angeles-based ATTN, which produces short-form content for Gen Z and Millenials, has been acquired by Candle Media, the companies said on Tuesday. Financial details of the deal were not announced, however, Variety said the deal is worth $100M in cash and stock, with provisions for earnout which could bring the deal to $150M in total. Candle Media is backed by Blackstone, and is led by former Disney executive Kevin Mayer and Tom Staggs. ATTN was founded by Matthew Segal and Jarrett Moreno, and was backed by Ryan Seacrest, Bill Maher, Ross Levinsohn, Evolution Media Capital, Main Street Advisors, Marc Rowan, and Hope Taitz.